Fall of Bitcoin (Reasons)

[Kakmakr]

Call me superstitious but I definitely will not buy coins, when the price reach $6 666   It does not matter to me that it has some religious connotation, it just gives me the chills when I watch all these movies, where the number 666 is being used to represent evil.

OK, this post might be old, but it is still relevant today, because the price is going back to $6 666.

I will not use that as a sign that it is the end of Bitcoin, but it still sends shivers down my back when I see the Bitcoin price, reach that number again.    

[sarfield]

I think that number will be a scourge of the bitcoiners who join and feel panic for new investors.
These old bitcoiners will feel less comfortable with manipulations done by greedy people. But this is a cruel world of crypto but still has a pretty good development.

[pat4cryptoreal]

When I saw the topic I was happy that I was about to discover what is making bitcoin price to drop. I am more confused after going through this write-up. Let's make sure we bring current facts to this forum.

[abhi777]

I still think that the reason for the fall is due to the fact that a lot of short positions. In long almost no one goes. But there are large investors for the sake of speculation in the market. Now on short positions people earn big money while we sit here and we guess why fell...

The news about the United States Securities and Exchange Commission (SEC) investigating the Bitcoin and other cryptocurrency exchanges, is the cause of falling Bitcoin prices.

[feather7789]

there is a reason, the dumpers are dumping thair coins for low price and the supply of coin is increasing and the price is going down. but BTC will rise again asap and it will rock for sure.

[dimiinx]

in my opinion it's just a lack of attention and lack of selling that doesn't fit the right tempo so yes how else is bitcoin weakening? I just hope bitcoin develops in the future and rises again like 2013

[Amevalentine]

in my opinion, what I think is why bitcoin falls short of us as users forget that it will sell and buy at that time and that lack of special attention in my opinion affects it too and I hope bitcoin will rise like 2013

[Desmond1656789]

http://i66.tinypic.com/10copiv.png
First of all, no one knows for sure. But here are a few reasons at play:

SUPPLY : Miners currently receive a 12.5 BTC reward for every block that they mine, but Nakamoto’s protocol also requires that the mining reward is halved every 210,000 blocks, or approximately four years. The next miner halving will take place within two years, approximately in early June 2020 depending on hashrate, bringing the rewards down to 6.25 BTC per mined block.
DEMAND: While the number of transactions are trending upwards (see Bitcoin Number of Transactions excluding Popular Addresses, it seems that there is not as much new interest in investing into bitcoin at the moment. Interest has stabilized, but may not be outstripping demand. gle Trends - Web Search interest - Worldwide, 2004 - present.
RISK: In addition to the price risk from the fluctuating exchange rate, there is currently a very heated debate about the bitcoin 'software' with competing proposals on how to scale bitcoin in order to facilitate more transactions (BitcoinXT, BIP10x). Without going too much into detail, the discussion questions some of the core principles of bitcoin. (high-level overview: Brief thoughts on the Bitcoin block size debate.
Don't worry about the price because it is normal and eveeything about changes of price will be more uswful to traders and buyers.
Source: https://www.quora.com/What-is-the-reason-for-the-falling-value-of-Bitcoin-Is-its-end-near-I-have-already-lost-some-money-by-holding-on-to-it-Please-advise

http://i64.tinypic.com/dh68o2.jpg

But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death.
-REVELATION 21.8

Is this FUD you ask?  Yes it is.  It is the utmost of fear which is the fear of the Lord and the uncertainties and doubts of those that are damned and have their part in the lake of fire.

Just happen Bitcoin collapse due to sales of investors.

[MixFresh666]

http://i66.tinypic.com/10copiv.png
First of all, no one knows for sure. But here are a few reasons at play:

SUPPLY : Miners currently receive a 12.5 BTC reward for every block that they mine, but Nakamoto’s protocol also requires that the mining reward is halved every 210,000 blocks, or approximately four years. The next miner halving will take place within two years, approximately in early June 2020 depending on hashrate, bringing the rewards down to 6.25 BTC per mined block.
DEMAND: While the number of transactions are trending upwards (see Bitcoin Number of Transactions excluding Popular Addresses, it seems that there is not as much new interest in investing into bitcoin at the moment. Interest has stabilized, but may not be outstripping demand. gle Trends - Web Search interest - Worldwide, 2004 - present.
RISK: In addition to the price risk from the fluctuating exchange rate, there is currently a very heated debate about the bitcoin 'software' with competing proposals on how to scale bitcoin in order to facilitate more transactions (BitcoinXT, BIP10x). Without going too much into detail, the discussion questions some of the core principles of bitcoin. (high-level overview: Brief thoughts on the Bitcoin block size debate.
Don't worry about the price because it is normal and eveeything about changes of price will be more uswful to traders and buyers.
Source: https://www.quora.com/What-is-the-reason-for-the-falling-value-of-Bitcoin-Is-its-end-near-I-have-already-lost-some-money-by-holding-on-to-it-Please-advise

http://i64.tinypic.com/dh68o2.jpg

But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death.
-REVELATION 21.8

Is this FUD you ask?  Yes it is.  It is the utmost of fear which is the fear of the Lord and the uncertainties and doubts of those that are damned and have their part in the lake of fire.

Whales of bitcoin market will bring down cryptocurrency

[bitcoindusts]

That's a really freaky explanation to say the least (and i'm trying to be really modest here).

The signs of the time and the mark of the damned really had nothing to do with bitcoin. Here we have a revolutionary tech that started disrupting traditional approaches to banking, finance, trading and many other things and you deem it to be evil in nature that's why you think it is falling.

The post is not even debatable to consider. Bitcoin like many other things in this world can be used for good or evil, and bitcoin has nothing do with how people wanted to use them, just like traditional fiat money. The fall has nothing to do with the nature of people using them. It is merely a part of bitcoin normalizing its price after a grand peak.

[MajkD000ooo]

What caused the rapid fall? The stability of the cryptocurrency is due to the fact that it is in high demand and supply in the financial market. Recently, users began to mine exclusively in order to sell. On all exchanges, without exception, there is such a picture: the number of offers for sale exceeds the number of buyers. Rates began to appear, which led to futures sunsets, i.e. the sale of cryptocurrency for a low cost. This is the main predisposing factor of the sharp collapse of the course. Some traders try to take the cue ball at any cost, so as not to lose part of the profit. They understand this, so do not give up at the first fall.

[wizardcrypto]

you quite explain everything clear about the down fall of bitcoin . but the reason are not strong enough, for bitcoin transaction to be successful there must be a confirmation that you can't do without . secondly bitcoin is digital currency traded on the forex market today . bitcoin behave like every financial instrument in the forex market . there is time all time high and low . if there is no fluatuation of price action that means  is no longer a currency . currency alway fluctuate to give rooms for entry and exist of investors and trader.

[feehannah]

There are so many reasons to consider about the fall of bitcoin as what you have said. But always the demand and supply are the primary reasons to consider. Because of many people panic selling it cause more decreasing in bitcoins value in the market. The supply overflow while lack of demand.